Iware Supplychain Services IPO: Date, Price, GMP

Iware Supplychain Services IPO- Complete Overview

Iware Supplychain Services IPO under the SME IPO category is a fixed price issue of Rs. 27.13 Cr by Iware Supplychain Services Limited, which was incorporated in 2018. It is an integrated logistics company from pan India providing a wide range of services such as warehousing (with third-party logistics (3PL) and carrying & forwarding agent operations), transportation, rake handling services, auxiliary services, and rental income, across multiple states in India such as Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi essentially offering comprehensive supply chain management solutions through their extensive network in the country.

The company offers services in multiple states like Gujarat, West Bengal, Uttar Pradesh, Rajasthan, Punjab, Haryana, and Delhi, thus ensuring comprehensive coverage and delivery of services with reliability.

As of January 2025, its fleet now consists of 47 vehicles as compared to 15 vehicles in FY2022, with the fleet comprising 15 units of 22-foot open-bodied trucks and the remaining 32-foot containers.

The iWare network services the FMCG, pharmaceuticals, retail, and e-commerce industries. The company operates over 100 BCN rakes annually and transports around 2,20,000 metric tons of goods every year.

The extensive road fleet of the company comprises 500 owned trucks, while access is available to an additional 10,000 trucks through partnerships. The company provides transportation solutions along with flexible options; these include full truckload (FTL), half truckload (HTL), and containerized solutions to satisfy various business requirements.

 

Iware Supplychain Services IPO Overview

The Iware Supplychain Services IPO date is on 28 Apr 2025, and its initial public offering will end on 30 Apr 2025. 

The Rs. 27.13 crore new SME IPO comprises a wholly fresh issue of 28.56 lac Shares.

This upcoming IPO date is from 28 Apr to 30 Apr, 2025. Iware Supplychain Services IPO price is Rs. 95 for each Share. 

The Iware Supplychain Services IPO listing date (expected) is 06 May 2025, and listing at NSE and SME.

Click to open demat account and apply for the IPO.

Company Financial

(Amount in Lac)

 

Cash Flows

(Amount in Rs.)

State-wise Revenue Breakdown   

Service-wise Revenue Breakdown

(Source: RHP)

 

 

The Objective of the Issue

The company desires to use the Net Proceeds from the Issue to fulfill its following goals:

• The amount of capital required to build a new industrial shed.

• Requirements for working capital.

• General corporate purposes.
  
  

Click to check the IPO application status.

 

Peers of Iware Supplychain Services Ltd.

 

Evaluation

The Iware Supplychain Services Limited IPO price is Rs. 95 for each Share.

Evaluation of P/E Ratio

Considering the FY ended 31 Mar 2024 with an EPS of Rs. 10.20 from the last year, the resulting P/E ratio is 9.31x.

Considering the weighted EPS of Rs. 6.96 for the last three years, the P/E ratio is 13.64x.

 

IPO's Strengths

• India-wide Presence.

• Various service provisions.

• Multimodal transportation that is integrated.

• Robust infrastructure and fleet.

• Operations driven by technology.

 

IPO’s Weaknesses

• Iware Supplychain Services Limited gets its revenues comprised mainly of a handful of large clients. Slippage in business with these clients is therefore likely to barrel down into a significant impact on financial performance.

• Logistics and supply chain framework is highly competitive. Supply chain operations mostly feature both organized and unorganized players; this will control price power and margins.

• The issue price seems to be extra high (at 9.5 times) compared to face value, and there can be no assurances regarding an active or sustained market for the shares post-listing. The listed price may vary significantly from this issue price.
  
  

Iware Supplychain Services IPO GMP

Iware Supplychain IPO GMP is Rs. 0 as of 24 Apr 2025. The expected Iware Supplychain Services IPO listing price is Rs. 95.

IPO Timetable (Tentative)

The Iware IPO opening date is from April 28 to April 30, 2025, with allotment on May 02, refund initiation on May 05, and listing on May 06, 2025.

 

Iware Supplychain Services IPO Details 

The IPO with a Face Value of Rs. 10 per share offers a total issue size of 28,56,000 Shares (Rs. 27.13 Cr).

IPO Lot Details 

The Tankup IPO allows retail investors to invest in a minimum and maximum of 1 Lot (1200 Shares) amounting to Rs. 1,14,000 and in multiples thereof, while for HNI investors, the minimum Lot is 2 (2400 Shares) amounting to Rs. 2,28,000.

 

IPO Reservation (% of Net Issue)

 

Promoters And Management of Iware Supplychain Services Ltd.

• Krishnakumar Jagdishprasad Tanwar

• Rajnish Gautam

• Inter India Roadways Private Limited.
  
  

 

IPO Lead Managers

• GetFive Advisors Private Limited.
  
  

Dividend Policy

The company has not declared dividends in the last three fiscal years. 

Conclusion

The Iware Supplychain Services IPO is an investment in a growing logistics company with a robust nationwide presence. The company is growing in financials, fleet expansion, and service diversification. However, the key account dependency and fierce competition are risks. 

Finowings IPO Analysis

Hope you enjoyed the Finowings IPO Analysis. We tried our best to give every required detail about the company that you should know before applying to the IPO. 

You must consult your financial advisor before making any financial decisions. 

To Apply for the IPO, Click Here.

To Read the Prospectus of the Company Click Here to Download the DRHP.

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DISCLAIMER: This blog is NOT any buy or sell recommendation. No investment or trading advice is given. The content is purely for educational and information purposes only. Always consult your eligible financial advisor for investment-related decisions.